Patanjali Ayurved Limited (PAL) is in the process of raising Rs 320-crore debt for research and development of new products and expansion.
PAL has three units located in Haridwar (Uttarakhand) for manufacturing food, health care, personal care & household products.
Their top-selling products include ghee, honey cosmetics, dental and hair care products. The company has been continuously introducing new products and has recently launched Patanjali brand noodles, biscuits, atta among others.
PAL’s turnover has increased by 69.10% from a year ago to Rs 2,006.7 crore in FY15 due to new launches. The company’s profit increased 99.6% from a year ago to Rs 308.79 crore in FY15.
For the year ended March 31, 2015, PAL reported net worth of Rs 672.80 crore and debt of Rs 254.94 crore.